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On Another thread there was a lot of debate on the amount of funding that the FF/business/even our pledges agreed to provide in order to force Watts to reinstate football. Even whether the monies pledged can be used for the needed facilities instead of operations was questioned. There was much confusion and misstatements after only two months.

UAB administration has agreed to provide twenty million each year for the athletic operations deficit

The FF and business and our pledges have agreed to fund the football portion of the deficit per the ?carr? report for five years. So, 17.2 million will go to operational deficit

http://bleacherreport.com/articles/24829...s-reaction

What UAB needs 13 million to fund the initial facilities projects (which includes ~ ten million for an indoor practice). This and all future needs will be funded by us.

http://www.al.com/sports/index.ssf/2015/..._foot.html

This is an attempt to simply document what was agreed to. The confusion will only lead to even more frustration in the future
It would be nice to see things documented...not obfuscated. Even if the Watzis made us cover their $11 million blunder, if they itemized the funds needed and corresponding outcomes (eg "if you raise $10 million more, we construct this IPF"), there would at least be a roadmap to building our program. Instead, we have intentional opacity to f*** us once more.

We fight.
Yeah, I have to admit that I was initially confused. I was under the impression that the money that was raised was going directly to facilities, and that the, since the athletic budget actually wasn't changing, that the same amount of money would be allocated to the program.

I quickly came to realize that was completely wrong after the reinstatement. As it stands now, the money that was pledged is strictly for covering the program for the next few years and additional money has to be raised for the necessary facilities. Plus the cost associated with shutting down the programs is deducted from the budget, too.

In the long run, I think this fiasco will help fundraising tremendously but the way these costs were just unceremoniously passed on to us is just another footnote in the legacy of Dr. Watts.
That 11 million ought to come out of his bloated paycheck.
(07-18-2015 11:46 PM)uabbean Wrote: [ -> ]On Another thread there was a lot of debate on the amount of funding that the FF/business/even our pledges agreed to provide in order to force Watts to reinstate football. Even whether the monies pledged can be used for the needed facilities instead of operations was questioned. There was much confusion and misstatements after only two months.

UAB administration has agreed to provide twenty million each year for the athletic operations deficit

The FF and business and our pledges have agreed to fund the football portion of the deficit per the ?carr? report for five years. So, 17.2 million will go to operational deficit

http://bleacherreport.com/articles/24829...s-reaction

What UAB needs 13 million to fund the initial facilities projects (which includes ~ ten million for an indoor practice). This and all future needs will be funded by us.

http://www.al.com/sports/index.ssf/2015/..._foot.html

This is an attempt to simply document what was agreed to. The confusion will only lead to even more frustration in the future

Where did the $17.2 million "operational deficit" come from? If no money was taken away from the athletics department or from football, why all of a sudden is the program in a $17.2 million hole? Cost of attendance stipends are not going to be that high. Something still isn't right. What new things are we getting for that money?
That money ($17.2 for five years)is the cost of scholarships from football, bowling , and rifle along with projected cost of attendance for those three sports. That money that was covering scholarships for those three sports is being used for other sports and mainly basketball to improve facilities, salaries, recruiting, etc. UAB is no longer paying for scholarships for those three sports. We are. The "doughnut hole" is the cost of the scholarships for Football, Bowling, and Rifle. As long as Watts is in charge this will continue. Instead of our money going to facilities like it should we are the only school in the country outside of Stanford (check me on this) having to cover the scholarship costs for football. Maybe the only one period for three sports.

We can change this with a new president. We have raised more than enough to build a IFP, outdoor fields, Football building, weight room, and a research facility tied to athletics and still have leftover money for a down payment for a stadium.

I don't have to tell you what should have happened and we could have helped basketball as well and not hurt the other sports. Conceivably we could have raised more money for basketball without hurting other sports.

Al of this turns my stomach. This is the worst administration job possibly in the history of college athletics.
A question for Attalla and uabbean-How much would we have to raise to endow the scholarships-maybe not for football but for the women and non-revenue sports, and if so could our current football revenues support the program in that case
Correct me if wrong but isn't Blazer Booster program all about covering the costs for the athletes ie scholarships & such? So shouldn't what we gave to UABFF & Campaign for UAB to resurrect the programs go to other things? I think we can all assume it's mostly fuzzy math used by Watts & Co to obfuscate things & cover the cost of their incompetence & deceit.
That's what I wish we could do...let Justin Craft and his team build us a low-cost ETF portfolio to endow COA for these sports. We could even partner with Collat and make it a learning opportunity like we used to do with the Green & Gold Fund.

FRW
Arkansas State University Football Operations Building & Practice Field

http://www.redwolvesfoundation.com/capital-projects/
(07-19-2015 03:25 PM)WesternBlazer Wrote: [ -> ]Arkansas State University Football Operations Building & Practice Field

http://www.redwolvesfoundation.com/capital-projects/

This $27 million facility upgrade to raise ASU football program "to the next level" is very instructive to those who have asked what UAB needs to do to compete on a level playing field with other similar schools. Can UAB, operating in its present environment, make the needed financial commitment to prepare to play top quality football in the next 10 years?

ASU is not (yet) a P5 program, but they obviously plan on aiming there. They are planning on doing what USF and UCF have done, and they plan to be ready when preparation meets opportunity.
I've been inside Arkansas State's old facility. It is far and away better than UAB has. Hard to believe they are upgrading.
(07-19-2015 10:06 AM)ATTALLABLAZE Wrote: [ -> ]That money ($17.2 for five years)is the cost of scholarships from football, bowling , and rifle along with projected cost of attendance for those three sports. That money that was covering scholarships for those three sports is being used for other sports and mainly basketball to improve facilities, salaries, recruiting, etc. UAB is no longer paying for scholarships for those three sports. We are. The "doughnut hole" is the cost of the scholarships for Football, Bowling, and Rifle. As long as Watts is in charge this will continue. Instead of our money going to facilities like it should we are the only school in the country outside of Stanford (check me on this) having to cover the scholarship costs for football. Maybe the only one period for three sports.

We can change this with a new president. We have raised more than enough to build a IFP, outdoor fields, Football building, weight room, and a research facility tied to athletics and still have leftover money for a down payment for a stadium.

I don't have to tell you what should have happened and we could have helped basketball as well and not hurt the other sports. Conceivably we could have raised more money for basketball without hurting other sports.

Al of this turns my stomach. This is the worst administration job possibly in the history of college athletics.

Not just the history of college athletics but maybe just college. Heard from a faculty senator that fall admissions are down between 4 and 8% over last year. Undergraduate enrollment has been essentially flat for the last 10 years. They've also been told there will be no raises this year and they're expected to take on more classes. To say morale is low doesn't really touch it.
(07-19-2015 08:12 PM)Memphis Blazer Wrote: [ -> ]I've been inside Arkansas State's old facility. It is far and away better than UAB has. Hard to believe they are upgrading.

As the recent B'ham NEWS / AL.com article on a number of Alabama high school's facilities described them, a growing number of those schools already have or are upgrading to better than UAB which points to Legion Field as its most modern all weather football practice facility.

Alabaster HS, to name one, is building an IPF, a two deck stadium with a turf field and a separate grass practice field. A new Auburn HS in two years, will have an "athletic wing" with new gyms, practice fields and a new stadium as well.
(07-19-2015 11:37 AM)linus Wrote: [ -> ]A question for Attalla and uabbean-How much would we have to raise to endow the scholarships-maybe not for football but for the women and non-revenue sports, and if so could our current football revenues support the program in that case

(07-19-2015 12:22 PM)FNblazer Wrote: [ -> ]That's what I wish we could do...let Justin Craft and his team build us a low-cost ETF portfolio to endow COA for these sports. We could even partner with Collat and make it a learning opportunity like we used to do with the Green & Gold Fund.

FRW
An endowment is an excellent financial tool for a long term support of a program . However it requires an extensive amount of initial fundraising.

Let us say the cost of scholarships is three million a year. The return on a traditional endowments is 4 %, and an ETF is low cost but offers only a ~1% return. In our example, we would need to fund raise $ 75 million for a traditional to $ 300 million for ETF
I don't think he was talking about a bond ETF.
An ETF should mirror the stock market if invested in stocks.
The average return on a stock ETF should be much higher than ~ 1%
I don't want to come across as an authority. I just know that the ETF that I have invested in has exceeded expectations.
(07-19-2015 08:42 PM)BAMANBLAZERFAN Wrote: [ -> ]
(07-19-2015 08:12 PM)Memphis Blazer Wrote: [ -> ]I've been inside Arkansas State's old facility. It is far and away better than UAB has. Hard to believe they are upgrading.

As the recent B'ham NEWS / AL.com article on a number of Alabama high school's facilities described them, a growing number of those schools already have or are upgrading to better than UAB which points to Legion Field as its most modern all weather football practice facility.

Alabaster HS, to name one, is building an IPF, a two deck stadium with a turf field and a separate grass practice field. A new Auburn HS in two years, will have an "athletic wing" with new gyms, practice fields and a new stadium as well.

Opelika High has an IPF and turf grass on their field, plus a new gym all built in the last several years.
(07-20-2015 05:12 AM)notnow Wrote: [ -> ]I don't think he was talking about a bond ETF.
An ETF should mirror the stock market if invested in stocks.
The average return on a stock ETF should be much higher than ~ 1%
I don't want to come across as an authority. I just know that the ETF that I have invested in has exceeded expectations.
You are correct an ETF mirrors the market or submarket. The yearly return I used without thinking was from a date where the market had one of those "Greek" dip days.
A good absolute return strategy should produce around 6% at least. With a $40mm endowment, you could produce over $2mm of income per year to use. However, as long as the BOT is in charge, we will be left with our dentists office and practice field (look peasants! We gave you new grass!)
The bottom line on financial returns on invested money is that the person or institution must have lots of money not needed for current support for many years to get such returns. The UAB Athletic Dept. is still like most American working families in that such "not needed" money is almost impossible to arrange. Almost ALL money UAB now has pledged is already allocated to build something UAB has needed for over a decade just to match what our competition can take for granted.
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